We are done with the explainer video! The team has been working tirelessly to provide top notch content. Mr.H especially put out hours to create the video and polish it up for you.
Smashing the like button and showing some love in the comments doesn't take alot of effort from your end but does alot to keep our spirits high!
Here's all you need to know about Non Fungible Tokens or NFTs👻
https://youtu.be/Pe9_yuHaoPA
Smashing the like button and showing some love in the comments doesn't take alot of effort from your end but does alot to keep our spirits high!
Here's all you need to know about Non Fungible Tokens or NFTs👻
https://youtu.be/Pe9_yuHaoPA
YouTube
Non Fungible Tokens - Get the low down
Non Fungible Tokens or NFTs popped to the crypto scene in early 2019. They went on to create history bringing in millions of dollars in revenue to art galler...
Back to trading. The picture shows my pnl analysis from 05 October to 15 October. The first part you can observe is a deposit of $50 now the reason I put in only $50 into this account is because I use this account solely for the purpose of high leverage high risk trading. All the people out there need the adrenaline rush once in a while. Puttng in only about 2% of your portfolio into this account can first fall help you destress and also prove to be a great learning experience on the smaller timeframes. I would slide the bar completely 200% on each trade and make multiple trades a day all having the leverage turned up all the way. You can clearly see a copy of losses in the starting that's because I was accustomed to trading on say the 5 minute chart. The only reason I'm showing this is because I found this very useful when the market is extremely choppy e and my other accounts are playing on low level safe 5x positions. In short if I would get wrecked miserably it's a -$50.
Don't play big % on the portfolio
Don't play big % on the portfolio
Forwarded from Plutus Capital
BTC Analysis (Part 1): 10th October Recap
On October 4th, we gave 2 scenarios for BTC that either price takes the blue path or the red path.
The red path (bearish idea) was stated to be invalidated a close above $11400. Surprisingly, when price chose the blue path, it followed it exactly according to the arrow directions.
After pushing up, clients were able to enter some longs with eyes on $12000 and $13400. We've reached those targets.
Now we'll be looking at the bigger picture again to see if the whole bearish idea is officially invalidated or we keep moving up from here.
https://www.tradingview.com/x/ZxzOwXI3/
On October 4th, we gave 2 scenarios for BTC that either price takes the blue path or the red path.
The red path (bearish idea) was stated to be invalidated a close above $11400. Surprisingly, when price chose the blue path, it followed it exactly according to the arrow directions.
After pushing up, clients were able to enter some longs with eyes on $12000 and $13400. We've reached those targets.
Now we'll be looking at the bigger picture again to see if the whole bearish idea is officially invalidated or we keep moving up from here.
https://www.tradingview.com/x/ZxzOwXI3/
Forwarded from Plutus Capital
BTC Analysis (Part 2): Monthly Bearish Divergence
Starting with the monthly chart, we see some very interesting developments. The monthly chart takes time to develop so we can see its results much later than the other time frames below it.
On June 2019, the monthly closed at $10761. Last month we had another monthly close at $11658, which was above previous monthly close on June 2019.
The interesting thing is that even though price closed above previous high, the RSI made a lower high. This is normally termed as a bearish divergence.
Bearish divergences do not play out instantly. The higher the time frame, the longer it takes to play, so it's no surprise price still went ahead to rally despite the bearish divergence.
The coming candle close has a high chance of closing above $11658, however it doesn't mean the bearish divergence cannot play out.
This is something to keep an eye on in support the following analysis on the other time frames.
https://www.tradingview.com/x/CgnSAZyj/
Starting with the monthly chart, we see some very interesting developments. The monthly chart takes time to develop so we can see its results much later than the other time frames below it.
On June 2019, the monthly closed at $10761. Last month we had another monthly close at $11658, which was above previous monthly close on June 2019.
The interesting thing is that even though price closed above previous high, the RSI made a lower high. This is normally termed as a bearish divergence.
Bearish divergences do not play out instantly. The higher the time frame, the longer it takes to play, so it's no surprise price still went ahead to rally despite the bearish divergence.
The coming candle close has a high chance of closing above $11658, however it doesn't mean the bearish divergence cannot play out.
This is something to keep an eye on in support the following analysis on the other time frames.
https://www.tradingview.com/x/CgnSAZyj/
Forwarded from Plutus Capital
BTC Analysis (Part 3): Weekly Bearish Divergence
For us to really see how these divergences are placed, we needed to take away the wicks to make it clear enough.
The price of BTC is at $13000 resistance and as we got here, the unfortunate thing is that we have 2 bearish divergences formed, which is not good for more price appreciation.
The first and biggest bearish divergence is formed from $11475 high candle closing price on 1st July 2019 to a higher high candle close today at $13038 and an RSI point of 79 on 1st July 2019 to a lower high point of 69 today.
The second bearish divergence is formed from a candle close at $11926 on 10th August 2020 to today's higher high candle close and an RSI point of 69 on 10th August 2020 to a double top point of 69 today.
In conclusion, price has found itself in a dangerous situation as it's very likely the bearish divergences will play. And the chance is even higher considering the monthly bearish divergence also.
It seems bulls are not out of the woods yet.
https://www.tradingview.com/x/r6y5eXRz/
For us to really see how these divergences are placed, we needed to take away the wicks to make it clear enough.
The price of BTC is at $13000 resistance and as we got here, the unfortunate thing is that we have 2 bearish divergences formed, which is not good for more price appreciation.
The first and biggest bearish divergence is formed from $11475 high candle closing price on 1st July 2019 to a higher high candle close today at $13038 and an RSI point of 79 on 1st July 2019 to a lower high point of 69 today.
The second bearish divergence is formed from a candle close at $11926 on 10th August 2020 to today's higher high candle close and an RSI point of 69 on 10th August 2020 to a double top point of 69 today.
In conclusion, price has found itself in a dangerous situation as it's very likely the bearish divergences will play. And the chance is even higher considering the monthly bearish divergence also.
It seems bulls are not out of the woods yet.
https://www.tradingview.com/x/r6y5eXRz/
Forwarded from Plutus Capital
BTC Analysis (Part 4): Weekly Rising Wedge
Adding the wicks back, we see a very interesting pattern formed on the weekly time frame. This is a rising range which once again is a bearish pattern.
For a rising wedge to form on the weekly time frame, it shows that the chances the rising wedge plays out by price breaking down is relatively high.
On the weekly chart we can also spot how price has broken above the major $11560 price level that used to be resistant. The bearish divergences gives a high chance that we may retest $11560 as support.
If price drops there and is not able to bounce hard but falls through because of the rising wedge and bearish divergences, then we're heading for $7600.
As a trader, considering these various warning signs, it's safe to not open longs here at resistance. Shorts rather should be considered.
We're already short from $13300 zone.
https://www.tradingview.com/x/mTbja4YD/
Adding the wicks back, we see a very interesting pattern formed on the weekly time frame. This is a rising range which once again is a bearish pattern.
For a rising wedge to form on the weekly time frame, it shows that the chances the rising wedge plays out by price breaking down is relatively high.
On the weekly chart we can also spot how price has broken above the major $11560 price level that used to be resistant. The bearish divergences gives a high chance that we may retest $11560 as support.
If price drops there and is not able to bounce hard but falls through because of the rising wedge and bearish divergences, then we're heading for $7600.
As a trader, considering these various warning signs, it's safe to not open longs here at resistance. Shorts rather should be considered.
We're already short from $13300 zone.
https://www.tradingview.com/x/mTbja4YD/
Forwarded from Plutus Capital
BTC Analysis (Part 5): 3D Bearish Divergence & Rising Channel
Now we come to one of our favorite charts - the 3-Day. At a glance, we can see that price is trading at the resistance of the rising channel we spoke about some weeks back, which means the idea that we will break down from the channel is valid.
One thing bulls should be concerned about is the various bearish confluence on the 3D chart. First off, we have a bearish divergence in relation to the RSI.
Additionally we can also see that price has interacted with an old uptrend line which is now serving as resistance. The bearish confluence is just too much and caution needs to be taken here.
In conclusion, we have bearish divergence, uptrend now as resistance, and a rising channel (bearish pattern). This indicates thay price may be due for a correction to the nearest 3D support at $12274.
https://www.tradingview.com/x/rEuZVNzU/
Now we come to one of our favorite charts - the 3-Day. At a glance, we can see that price is trading at the resistance of the rising channel we spoke about some weeks back, which means the idea that we will break down from the channel is valid.
One thing bulls should be concerned about is the various bearish confluence on the 3D chart. First off, we have a bearish divergence in relation to the RSI.
Additionally we can also see that price has interacted with an old uptrend line which is now serving as resistance. The bearish confluence is just too much and caution needs to be taken here.
In conclusion, we have bearish divergence, uptrend now as resistance, and a rising channel (bearish pattern). This indicates thay price may be due for a correction to the nearest 3D support at $12274.
https://www.tradingview.com/x/rEuZVNzU/
Market Cap analysis by Alberto
https://www.tradingview.com/x/31VQFGvv/
Market capitalization is approaching key level
Last week has became a huge turning point for bitcoin which the price has already surged for more than 15% since its open on the early week. This upside moves is the direct effect because of the many good news that has occurred lately in the market. The biggest news we have seen was the Paypal decision to enable the buy and sell cryptocurrency on its platform. This news however has became the interest point for most of investors to put their fund on this market again and making the sentiment become positive again.
But, beside of this positivity we see on the sentiment, we must be aware of the key region too that the market capitalization faces in the above region. This $400 Billion level has became a very crucial zone that the market cap must watch. This key level is automatically becoming boundary of the price to go up. On the historical pattern, we saw a complete rejection and a huge fall after the market cap reached out this level. The first test was on April 30th, 2018 which we see a huge drop of the bitcoin's price from roughly $11500 to $3200 (-72%) and the second test was on June 24th, 2019 which made the price of bitcoin dropped from roughly $14000 to $3800 (-73%).
Although current sentiment on the market is now reaching the positivity and makes the momentum based on MACD ticks up on the bull side, we need something more stronger than current Paypal adoption that makes the market become more attractive again so the market cap can breaks out from the $400 Billion zone. If the market capitalization is back to above $400 Billions, I'm 1000% sure that the next alt season and the bitcoin's action beating the previous ATH will occur in the near future. Current bitcoin's structure is having the same alignment with this current market capitalization's structure which the price of bitcoin is now testing a crucial resistance which is the interim swing high of previous upside pattern.
https://www.tradingview.com/x/31VQFGvv/
Market capitalization is approaching key level
Last week has became a huge turning point for bitcoin which the price has already surged for more than 15% since its open on the early week. This upside moves is the direct effect because of the many good news that has occurred lately in the market. The biggest news we have seen was the Paypal decision to enable the buy and sell cryptocurrency on its platform. This news however has became the interest point for most of investors to put their fund on this market again and making the sentiment become positive again.
But, beside of this positivity we see on the sentiment, we must be aware of the key region too that the market capitalization faces in the above region. This $400 Billion level has became a very crucial zone that the market cap must watch. This key level is automatically becoming boundary of the price to go up. On the historical pattern, we saw a complete rejection and a huge fall after the market cap reached out this level. The first test was on April 30th, 2018 which we see a huge drop of the bitcoin's price from roughly $11500 to $3200 (-72%) and the second test was on June 24th, 2019 which made the price of bitcoin dropped from roughly $14000 to $3800 (-73%).
Although current sentiment on the market is now reaching the positivity and makes the momentum based on MACD ticks up on the bull side, we need something more stronger than current Paypal adoption that makes the market become more attractive again so the market cap can breaks out from the $400 Billion zone. If the market capitalization is back to above $400 Billions, I'm 1000% sure that the next alt season and the bitcoin's action beating the previous ATH will occur in the near future. Current bitcoin's structure is having the same alignment with this current market capitalization's structure which the price of bitcoin is now testing a crucial resistance which is the interim swing high of previous upside pattern.
Forwarded from Plutus Capital
$13500 target hit! Now is the time to exercise caution. Price could hit $13800 in the very near future but it's not guaranteed.
Will be looking to hold current longs until we close below green zone, then I'd start looking for short. If not, will be looking for a move to ~$13800 before looking for shorts.
Even though price keeps making higher highs, RSI is making higher lows, which shows that bulls may be getting exhausted.
https://www.tradingview.com/x/0YiWatoL/
Will be looking to hold current longs until we close below green zone, then I'd start looking for short. If not, will be looking for a move to ~$13800 before looking for shorts.
Even though price keeps making higher highs, RSI is making higher lows, which shows that bulls may be getting exhausted.
https://www.tradingview.com/x/0YiWatoL/
An Educational post so you can take home some learnings today.
Basically when we are using indicators like MA/EMA/ichi/Trendlines/ Price action ... It is Qualitative Analysis. The levels that are supposed as Support/Resistance can be broken.
When we use Funding rate/Premium Index, It is Quantitative Analysis. For midterm trades, it is never wrong for direction.
Quantitative Analysis is normally against Market Sentiment
That is reason when 5k everybody thinks sky will fall to 2k. The result is pump back to 8k.
When 10k everybody thinks it will rocket to 12k. The result was dump to 3k7.
But Funding doesn't lie to you.
The difficult thing in Quantitative Analysis is you must detect where is consolidation and run phase and estimate the time that market breakout.
In the past 2017/2018/2019, I just estimate it by Open Interest. Market need to accumulate enough Open Interest for Big Moves. This time market went up with no need big OI. That is pretty special.
Basically when we are using indicators like MA/EMA/ichi/Trendlines/ Price action ... It is Qualitative Analysis. The levels that are supposed as Support/Resistance can be broken.
When we use Funding rate/Premium Index, It is Quantitative Analysis. For midterm trades, it is never wrong for direction.
Quantitative Analysis is normally against Market Sentiment
That is reason when 5k everybody thinks sky will fall to 2k. The result is pump back to 8k.
When 10k everybody thinks it will rocket to 12k. The result was dump to 3k7.
But Funding doesn't lie to you.
The difficult thing in Quantitative Analysis is you must detect where is consolidation and run phase and estimate the time that market breakout.
In the past 2017/2018/2019, I just estimate it by Open Interest. Market need to accumulate enough Open Interest for Big Moves. This time market went up with no need big OI. That is pretty special.
Forwarded from EXCAVO CHANNEL
According to on-net data, the trader transferred over 88,857 BTC (about $ 1.15 billion) and paid commission for just 0.00027847 BTC ($ 3.58).
Transaction confirmation (https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24)
At block 654364 dated October 26. Whale Alert is sure that the sender's address belongs to the custodian Xapo, who previously had large transactions, but no more than 5,000 BTC.
Transaction confirmation (https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24)
At block 654364 dated October 26. Whale Alert is sure that the sender's address belongs to the custodian Xapo, who previously had large transactions, but no more than 5,000 BTC.
Blockchain
Transaction: d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24 | Blockchain.com
The easiest and most trusted transaction search engine and block explorer.
Had a very productive chat with an old friend, a member. Would love to hear from you. Even if it's a non crypto thing. Open for a chat with all of you.
Drop me a message @cryptopotatoes 💞🍻
Drop me a message @cryptopotatoes 💞🍻
https://www.tradingview.com/x/xNylJnDF/
$FILUSDT SHORT
The stop is far off so make sure you have your leverage on the lower side.
$FILUSDT SHORT
The stop is far off so make sure you have your leverage on the lower side.
https://www.standard.co.uk/news/world/france-germany-coronavirus-lockdown-a4573230.html
The news you should be reading.
The news you should be reading.
www.standard.co.uk
Lockdowns loom in France and Germany as cases surge
France and Germany were today facing going into partial lockdown as Europe’s leaders struggle to cope with surging Covid-19 infections.
Successful traders have an unfair advantage over others. Its because they know what they are doing. Most people don't.